Stealth Mode 🥷
When a startup builds quietly, without revealing its product, customers or even its name. The reveal usually lands with a funding announcement.
Going quiet buys you time, but what you build with it decides whether anyone cares when you step out. ✅
That's Careers Month 2026, done. Four Thursdays, eleven seasoned voices, one message: many tasks are being automated, but judgement, relationships and staying power can't.
Thank you to everyone who shared so generously. The next edition is already calling.
We've covered breaking in, moving roles and moving up. The finale covers staying.
"Playing the Long Game: Building a sustainable career in venture", Thursday 1pm UK. Don't leave it late.
Alumni and learners: details in your inbox and on the learning platform.
Up Round 📈
A funding round priced at a higher valuation than the last one. New investors pay more per share, and existing stakes get marked up. The opposite of a down round.
An up round prices in momentum, but the company still has to deliver it. ✅
Unicorn 🦄
A private startup valued at $1bn or more. Around 39 existed when the term was coined in 2013. @dealroomco now tracks 3,942 worldwide.
It's a paper valuation, not money in the bank. A milestone, not an outcome. ✅
Secondaries 🔄
Selling shares you already own in a private company to a new buyer. The company gets nothing. You get the cash.
A way for early investors, founders and staff to turn paper gains into real money before an exit. ✅
Pro Rata 📊
Latin for "in proportion." An investor's right, not obligation, to join a startup's future rounds and keep their ownership from shrinking.
New rounds issue new shares. Use your pro rata right and you invest just enough to hold your stake. ✅
Capital moves through the global venture ecosystem every quarter. Most people watch from the outside.
Newton Fundamentals Cohort 12 is for those who want to better understand. 8 weeks, virtual, open to anyone worldwide.
Round 1 closes 12 June.
Apply: bit.ly/4tJCfOf
No finance background. No tech experience. No problem.
Newton Fundamentals gives you the fundamentals to move confidently in VC.
Applications for Cohort 12 are open now 👇
bit.ly/4tJCfOf
2,500+ people work across all UK venture capital firms.
The companies they back employ 378,000.
That is a 151 to 1 ratio.
The room is very small. The footprint is not.
Newton Fundamentals: 8 weeks to learn how that room works. Round 1 closes 12 June 👉 bit.ly/3Wp50AY
NVP12 applications are open.
8 weeks. Wednesday evenings. The full VC deal lifecycle, taught by the world-class academics and top-decile practitioners.
Round 1 closes 12 June. Limited spots.
Apply👉: bit.ly/4tJCfOf
Saying goodbye is never easy! 💛
Six months of analytical rigour, fresh thinking, and great energy. Yente Meijer, you made your mark on the Newton team and we're better for it. 🙌
Wishing you every success in your next chapter.🚀
The news is out…
💥We are delighted to welcome Anu Adebajo to the team as our new CEO.
Bringing over 14 years’ experience deploying capital on behalf of @atomicoventures, British Patient Capital and @BritishBBank.
🔗 Learn more here: newtonprogram.vc/blog/newton…
9 months with world class academics, top-decile practitioners, coaches, and peers.
Newton Fellows evolve and emerge as the leaders the venture ecosystem needs. 🚀
Professor Florin shares on the Newton Fellowship
Venture capital is a people’s business. The Newton Fellowship combines world-class learning + real-world VC connections with LPs, GPs, & peers.
Next cohort applications open.
Learn more: newtonprogram.vc/fellowship#NewtonFellowship
💼 Thinking about a career move into venture capital?
Most advice available are for grads. But what if you’ve already built a career elsewhere?
Our Interim MD, Shayan shares how mid-career professionals can break in.
Read 👉: efinancialcareers.com/news/g…
Expert-led VC education → paired with Dealroom.
All Newton live program learners get access to @dealroomco, 120M+ data points.
Real-world investing. Data-driven insights. Global impact.
🔗 newtonprogram.vc
What’s on your shelf right now?
Reading expands the mind, sharpens judgement, and strengthens conviction.
Share your current read with us, in the comments.